Summary: New York City Jun 02
- ID: 1754564
- June 2002
- Region: New York
- Standard & Poors
The Morgan Stanley & Co. Inc. Trust floater certificates series 2001-673, relating to New York City's GO bonds fiscal 2002 series G, are rated 'AAA/A-1+'. The long-term component of the rating is based on the XL Capital-insured underlying bond. The short-term component of the rating is based on a guarantee provided by Morgan Stanley Dean Witter & Co. and a liquidity facility provided by Morgan Stanley Dean Witter Municipal Funding Inc. until June 5, 2003....
Companies mentioned in this report are:
- New York City
- Morgan Stanley & Co Inc Tr
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.